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21st November 2016, 10:02 AM
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Join Date: Mar 2013
Re: Indian Economy For Civil Services Exam

Ok, here I am providing you the sample Indian Economy questions for UPSC Civil Services Exam

UPSC Civil Services Exam Indian Economy questions

Part I-

1. Which of the following explains the term economic growth?

a. Increase in per capita production
b. Increase in per capita real income
c. structural change in the economy
d. all the above are right

2. Economic development is characterized by

a. Structural change in the economy
b. Change in the occupational structure
c. Both a and b
d. None of the above

3. Which of the following explains the term economic development?

a. Improvement in the technology involved
b. Improvement in production
c. Improvement in distribution system
d. All the above

4. An underdeveloped economy is characterized by

a. High per capita real income
b. Large proportion of labor force in the tertiary sector
c. State of deprivation of large proportion of population
d. All the above

5. Scarcity of capital , technological backwardness and unemployment are generally found in

a. Developed countries
b. Underdeveloped countries
c. Both
d. None of the above

6. Which of the following denotes an underdeveloped economy?

a. High level of inequalities
b. Low level of capital productivity
c. A relatively closed economy
d. All the above

7. Capital formation in underdeveloped countries is a major bottleneck. The reason can be

a. Small size of market with no incentive for investment
b. Low level of income
c. Demonstration effect
d. All the above

8. Consider the following statements and identify the right ones.

i. Higher level of capital-output ratio indicates efficient use of capital.

ii. It reflects the productivity of capital in the economy

a. I only
b. ii only
c. both
d. none

9. Consider the following statements and identify the right ones.

i. COR is relatively low in labour intensive sectors.
ii. COR will be high in capital intensive sectors
iii. Both
iv. None

10. Which of the following about strategy of balanced growth is right?

a. Simultaneous investment in all sectors
b. All sectors are independent.
c. Both
d. None

Part 2

1. Which of the following about strategy of unbalanced growth is right?

a. Deliberate imbalance in favor of some sectors
b. Simultaneous investment in all sectors
c. Both
d. None

2. Consider the following statements and identify the right ones.

i. Unbalanced growth strategy is also known as Mahalanobis strategy

ii. This strategy was adopted in India after the 7th five year plans.

a. I only
b. ii only
c. both
d. none

3. The concept of PQLI was developed by

a. Morris D Morris
b. UNO
c. UNDP
d. Oxford Poverty and Human Development Initiative

4. The parameter/s of the PQLI is/are

a. Life Expectancy Index
b. Standard of living index
c. Infant mortality rate
d. A and C

5. Consider the following statements and identify the right ones

i. The Oxford PHI publishes Human Development Report
ii. The HDR is published biennially.

a. I only
b. ii only
c. both
d. none

6. The concept of HDI was popularized by

a. Morris D Morris
b. Adam Smith
c. Keynes
d. Mahbub Ul Haq

7. The component/s of HDI is/are

a. Life expectancy index
b. Infant mortality rate
c. Population growth rate
d. All the above

8. The Multidimensional Poverty Index has been developed by

a. The UNDP
b. Oxford HDI
c. The UNO
d. Morris D Morris

9. Which of following is not a component of MPI?

a. Health
b. Education
c. Occupation
d. Standard of living

10. Consider the following statements and identify the right ones.

i. Each indicator in educational dimesion is equally weighted at 1/6
ii. Each indicator in standard of living is equally weighted at 1/8

a. I only
b. ii only
c. both
d. none


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